lululemon athletica (NASDAQ:LULU) had its target price hoisted by investment analysts at B. Riley from $55.00 to $64.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. B. Riley’s target price suggests a potential downside of 11.12% from the company’s current price.

A number of other research analysts have also recently weighed in on LULU. Vetr upgraded shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $63.40 target price on the stock in a research note on Thursday, August 10th. Cowen restated a “buy” rating and set a $78.00 target price (up previously from $68.00) on shares of lululemon athletica in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $71.00 target price (up previously from $69.00) on shares of lululemon athletica in a research note on Friday, December 1st. BidaskClub cut shares of lululemon athletica from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Thursday, August 17th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. lululemon athletica has an average rating of “Hold” and an average price target of $69.65.

Shares of lululemon athletica (LULU) traded up $4.35 during mid-day trading on Thursday, hitting $72.01. 9,127,847 shares of the stock were exchanged, compared to its average volume of 2,641,701. lululemon athletica has a 12-month low of $47.26 and a 12-month high of $73.84. The company has a market cap of $8,983.88, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.46 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. During the same quarter in the previous year, the company earned $0.50 EPS. lululemon athletica’s revenue for the quarter was up 13.7% on a year-over-year basis. equities research analysts expect that lululemon athletica will post 2.43 earnings per share for the current year.

lululemon athletica declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

A number of large investors have recently modified their holdings of the stock. Comerica Bank grew its holdings in lululemon athletica by 1.0% during the 2nd quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock valued at $699,000 after purchasing an additional 115 shares during the last quarter. Suntrust Banks Inc. grew its holdings in lululemon athletica by 5.9% during the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after purchasing an additional 237 shares during the last quarter. Bender Robert & Associates grew its holdings in lululemon athletica by 0.4% during the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock valued at $5,021,000 after purchasing an additional 302 shares during the last quarter. Global X Management Co. LLC grew its holdings in lululemon athletica by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after purchasing an additional 719 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in lululemon athletica by 23.0% during the 2nd quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock valued at $311,000 after purchasing an additional 978 shares during the last quarter. Institutional investors own 79.45% of the company’s stock.

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About lululemon athletica

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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